Defense

CHRISTCHURCH, New Zealand — China did not disappoint with its massive Sep. 3 military parade through Tiananmen Square, the site of a violent massacre in the heart of Beijing in June 1989, with numerous VIPs from around the world attending. As China celebrated its victory over “fascist” Japanese forces in 1945, the places of honor at Chairman Xi Jinping’s right and left hands were assigned…

For too long, there has been a limited investment base in publicly traded defense stocks — even as the benchmark SPADE Defense Index produced a 15-year return of nearly 17% annually. Many institutional and professional investors remained on the sideline either due to their aversion to the sector’s activities or viewing it as a niche market. That has begun to change. Even though the sector…

Finland’s Air Force, now part of NATO, still flies swastikas on a handful of unit flags — but is preparing to phase them out, largely to avoid awkwardness with its Western allies. The history of the Finnish air force’s use of the swastika, which since the 20th century has largely been associated with Nazi tyranny and hate groups, is more complex than at first appearance. It is an ancient…

The U.S. Army awarded Raytheon a $1.7 billion contract to produce a new missile defense sensor that will replace the current Patriot system’s radar, according to an Aug. 28 Pentagon contract announcement. The contract modification allows the company to build low-rate production Lower Tier Air and Missile Defense Systems. The new award brings the cumulative total value of the contract to $3.8…